George B. Holmes Sells 20,712 Shares of Resonant Inc (RESN) Stock

Resonant Inc (NASDAQ:RESN) CEO George B. Holmes sold 20,712 shares of the firm’s stock in a transaction that occurred on Tuesday, December 4th. The stock was sold at an average price of $1.70, for a total value of $35,210.40. Following the sale, the chief executive officer now directly owns 281,366 shares of the company’s stock, valued at $478,322.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

RESN opened at $1.60 on Friday. The firm has a market cap of $44.43 million, a price-to-earnings ratio of -1.27 and a beta of 1.00. Resonant Inc has a 52 week low of $1.55 and a 52 week high of $8.55.

Resonant (NASDAQ:RESN) last released its quarterly earnings data on Tuesday, November 13th. The semiconductor company reported ($0.17) EPS for the quarter, hitting the consensus estimate of ($0.17). The company had revenue of $0.12 million for the quarter, compared to the consensus estimate of $0.50 million. Resonant had a negative return on equity of 80.75% and a negative net margin of 4,630.51%. As a group, equities analysts predict that Resonant Inc will post -0.89 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Baird Financial Group Inc. increased its holdings in shares of Resonant by 3.7% in the 3rd quarter. Baird Financial Group Inc. now owns 614,330 shares of the semiconductor company’s stock valued at $2,365,000 after acquiring an additional 21,886 shares during the period. Northern Trust Corp increased its holdings in shares of Resonant by 122.2% in the 2nd quarter. Northern Trust Corp now owns 47,423 shares of the semiconductor company’s stock valued at $267,000 after acquiring an additional 26,076 shares during the period. Sterling Capital Management LLC purchased a new position in shares of Resonant in the 2nd quarter valued at $282,000. MYDA Advisors LLC purchased a new position in shares of Resonant in the 2nd quarter valued at $485,000. Finally, ClariVest Asset Management LLC purchased a new position in shares of Resonant in the 2nd quarter valued at $1,008,000. Institutional investors own 19.59% of the company’s stock.

Several research firms have commented on RESN. National Securities restated a “buy” rating and set a $8.00 price objective on shares of Resonant in a report on Monday, August 13th. HC Wainwright set a $8.00 price objective on Resonant and gave the stock a “buy” rating in a report on Friday, August 10th. Zacks Investment Research upgraded Resonant from a “sell” rating to a “hold” rating in a report on Thursday, October 11th. Finally, Loop Capital reduced their price objective on Resonant to $7.00 and set a “buy” rating on the stock in a report on Wednesday, November 14th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $6.83.

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Resonant Company Profile

Resonant Inc, a late-stage development company, engages in the development of filter designs for radio frequency (RF) front-ends used in the mobile device industry in the United States. It uses Infinite Synthesized Networks technology to configure and connect resonators, the building blocks of RF filters.

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Insider Buying and Selling by Quarter for Resonant (NASDAQ:RESN)

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